Company Registration No. 09729119 (England and Wales)
Iventis Ltd
Unaudited accounts
for the year ended 31 August 2023
Iventis Ltd
Unaudited accounts
Contents
Iventis Ltd
Company Information
for the year ended 31 August 2023
Directors
Joseph Cusdin
Keith Paul Greetham
Dr Alexandra Georgina Redcliffe Reid
Company Number
09729119 (England and Wales)
Registered Office
Think Tank
Ruston Way
Lincoln
Lincolnshire
LN6 7FL
Accountants
Accounts and Legal Consultants Ltd
Suite 1-3
The Hop Exchange
24 Southwark Street
London
SE1 1TY
Iventis Ltd
Accountants' report
Accountants' report to the board of directors of Iventis Ltd on the preparation of the unaudited statutory accounts for the year ended 31 August 2023
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of
Iventis Ltd for the year ended
31 August 2023 as set out on pages
5 -
7 from the company's accounting records and from information and explanations you have given us.
This report is made solely to the Board of Directors of Iventis Ltd, as a body, in accordance with the terms of our engagement. Our work has been undertaken solely to prepare for your approval the accounts of Iventis Ltd and state those matters that we have agreed to state to them, as a body, in this report. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Iventis Ltd and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that Iventis Ltd has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and loss of Iventis Ltd. You consider that Iventis Ltd is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the accounts of Iventis Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.
Accounts and Legal Consultants Ltd
Suite 1-3
The Hop Exchange
24 Southwark Street
London
SE1 1TY
4 October 2023
Iventis Ltd
Statement of financial position
as at 31 August 2023
Tangible assets
6,297
8,598
Cash at bank and in hand
831,316
36,542
Creditors: amounts falling due within one year
(35,189)
(97,604)
Net current assets
869,070
28,944
Total assets less current liabilities
875,367
37,542
Creditors: amounts falling due after more than one year
(16,993)
(588,602)
Net assets/(liabilities)
858,374
(551,060)
Called up share capital
239
120
Share premium
2,326,117
249,986
Profit and loss account
(1,467,982)
(801,166)
Shareholders' funds
858,374
(551,060)
For the year ending 31 August 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 23 February 2024 and were signed on its behalf by
Joseph Cusdin
Director
Company Registration No. 09729119
Iventis Ltd
Notes to the Accounts
for the year ended 31 August 2023
Iventis Ltd is a private company, limited by shares, registered in England and Wales, registration number 09729119. The registered office is Think Tank, Ruston Way, Lincoln, Lincolnshire, LN6 7FL.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
These financial statements for the year ended 31 August 2023 are the first financial statements that comply with FRS 102 Section 1A Small Entities. The date of transition is 1 September 2021.
The transition to FRS 102 Section 1A Small Entities has resulted in a small number of changes in accounting policies to those used previously.
The nature of these changes and their impact on opening equity and profit for the comparative period are explained in the notes below.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
25% Straight line
Computer equipment
25% Reducing balance
4
Tangible fixed assets
Plant & machinery
Computer equipment
Total
Cost or valuation
At cost
At cost
At 1 September 2022
1,414
17,360
18,774
At 31 August 2023
1,414
17,360
18,774
At 1 September 2022
856
9,320
10,176
Charge for the year
291
2,010
2,301
At 31 August 2023
1,147
11,330
12,477
At 31 August 2023
267
6,030
6,297
At 31 August 2022
558
8,040
8,598
Iventis Ltd
Notes to the Accounts
for the year ended 31 August 2023
Amounts falling due within one year
Trade debtors
46,407
86,674
Accrued income and prepayments
7,360
3,332
6
Creditors: amounts falling due within one year
2023
2022
Bank loans and overdrafts
8,613
8,613
Trade creditors
41,789
3,648
Taxes and social security
(58,779)
31,403
Other creditors
3,065
2,337
Loans from directors
6,406
-
Deferred income
21,777
24,508
7
Creditors: amounts falling due after more than one year
2023
2022
Loans from directors
-
6,406
8
Average number of employees
During the year the average number of employees was 12 (2022: 12).